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The IRR of a project is the discount rate that A . makes the NPV equal to zero B . equates the present value of

The IRR of a project is the discount rate that

.

makes the NPV equal to zero

.

equates the present value of the cash inflows to the future value of the cash

.

makes the NPV positive

.

equates the present value of cash outflows to the future value of the cash

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